TIO partners with Progreso Financiero for bill-pay kiosks
TIO Networks Corp. announced it is expanding bill-pay options for America's growing Hispanic community through a new strategic alliance with Progreso Financiero, a provider of financial services products for underserved Hispanics in the U.S.
TIO will launch the first five bill-pay kiosks at Progreso Financiero locations across California and Texas, with plans to expand the program and offer Progreso payments as an option at thousands of TIO-powered third-party retail bill-payment locations, the announcement said.
The self-serve kiosks will help Progreso customers make same-day bill and loan payments without having to wait in line to see a teller. Progreso will also benefit from improved automation in its payment collections process while reducing teller lines and saving operational staffing costs, according to the announcement.
"More than 23 million Hispanics in America are considered unbanked or underbanked, meaning they don’t have access to mainstream financial services that make bill paying easier," said Hamed Shahbazi, chairman and CEO of TIO Networks. "The Progreso integration was completed in record time by using our new TIO Connect interface. It sets the stage for a partnership where TIO and Progreso can further leverage our respective strengths and innovations in financial services."
Read more about bill payment kiosks.
Companies: TIO Networks Corp.